CityPark reaches for the SKY

CityPark

The landmark CityPark building in Glasgow continues to go from strength to strength after securing a flurry of deals totalling more that 75,000 sq ft of office space.

Broadcasting giant SKY is the latest big name to commit to the building and has agreed a five year lease on 41,700 sq ft on the first floor at £14.00 psf. Similarly, Actavo, which operates a customer contact centre for Scottish Power, has signed a five year lease on 15,700 sq ft on the third floor, also at £14.00 psf.

In addition, Aggreko Plc, has agreed a five year extension over 9,760 sq ft on the ground floor and has also taken a further 1,900 sq ft on a short-term basis. Meanwhile, occupational health provider Ablemed has relocated from elsewhere in the building and agreed a new and expanded 10-year lease on 4,100 sq ft.

The latest deals are a further boost to asset manager APAM Ltd following its significant investment in the property, which saw computer giant Dell commit to CityPark early last year when it agreed a new 10-year lease.

The building was extensively refurbished in 2014 and has since added a children’s nursery to an already impressive list of amenities including a café, a shop, a hairdressing salon and gym. There is still circa 40,000 sq ft of high quality office space available to let within the building.

Commenting on the latest transaction, William Powell, APAM’s Executive Director, said: “I am delighted SKY has committed to CityPark. It is a significant agreement and adds to our already impressive list of tenants which include the likes of Dell, CH2M Hill and Teleperformance to name but a few.

“The SKY and Actavo activity as well as the other recently completed deals proves CityPark continues to strengthen its position as a key business location in Scotland.”

Lambert Smith Hampton and CBRE helped secure the new deals.

Cushman and Wakefield acted for SKY. DPL Chartered Surveyors acted for Actavo and Thomson Property Consultants acted for Ablemed.